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At the beginning of June, Circuit Country has a balance in inventory of $2,550. The following transactions occur during the month of June. Juse 2

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At the beginning of June, Circuit Country has a balance in inventory of $2,550. The following transactions occur during the month of June. Juse 2 Purchase radies on account from Radio world for $2,250, terns 2/15,8/45. June 4 Pay cash for freight charges related to the June 2 purchase fran xadio World, $310. June is Return defoctive radios to Radio World and receive credit, $400. Jupe 10 pay Radio World in full. Jane 11 sell radioa to customers on account, $4,100, that had a cost of $2,750. June 18 Recelve payment on account fron custouers, $3,100. June 20 purchase zadios on account fron sound onlimitod for $3,350,2erma2/10,n/30. June 23.5011 radios to eastomers for cash, $4,850, that had a cost of $3,150. June 26 petars daraged radion to Sound Onilimited and receive credit of $500. June 28 Pay Sound tnlinited in foli. Required: 1. Assuming that Circuit Country uses a perpetual inventory system, record the transactions. 2. Prepare the top section of the multiple-step income statement through gross profit for the month of June. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry is required for a ransaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record purchase of radios on account from Radio World for $2,250, terms 2/15,n/45. Note: Enter debits before credits. Required: Assuming that Circuit Country uses a perpetual inventory system, record the transactions. 2. Prepare the top section of the multiple-step income statement through gross profit for the month of June. Complete this question by entering your answers in the tabs below. Prepare the top section of the multiple-step income statement through gross profit for the month of June

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